The mood in the air was cautiously optimistic as new and returning investors weighed the company's direction under a new chief executive.
The United States' World Cup campaign ended abruptly with a 4-1 loss to Belgium in the last-16. Despite a strong start to the tournament and national enthusiasm, the team's performance faltered, marked by defensive errors and a controversial Folarin Balogun red card suspension saga.
Samsung Electronics' shares dropped 9.6% despite record Q2 earnings of 89.4 trillion won. Concerns over AI spending sustainability, labor union demands, government profit sharing, and an unusual new semiconductor plant location overshadowed the strong financial results, with analysts citing profit-taking and rotation appetite towards SK Hynix's ADR listing.
UK newspapers lead with President Trump's alleged lobbying of FIFA to overturn a red card ban for a US player, Prince Harry being denied a stay at Buckingham Palace, and a rise in ADHD disability benefit claims without work requirements.
The US was eliminated from the World Cup after a 4-1 loss to Belgium. The match was preceded by controversy over Folarin Balogun's red card ban suspension, with President Trump reportedly involved. Portugal also exited the tournament after a loss to Spain.
The US soccer team lost to Belgium 4-1 in a World Cup match after FIFA controversially allowed Folarin Balogun to play despite a red card. FIFA's decision was influenced by a call from President Donald Trump, drawing criticism from UEFA and the Belgian FA.
Samsung Electronics forecasts a 19-fold increase in profits for the April-June quarter, driven by soaring global demand for AI memory chips. Sales are expected to exceed 171tn won, marking a record quarterly performance.
